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Is BookMyShow illegally Charging Internet Handling Fees While Booking Movie Tickets Online?

bookmyshow
The best of your favourite apps, such as BookMyShow, PVR, PayTM, TicketNew, etc. are your go-to buddies when it comes to booking tickets online. But they often charge what is known as ‘internet handling fees.’Most of us are ready to pay this extra amount of money, that varies in accordance with the amount of transaction we make. This is...

The Rising Ad Frauds In India: $1.63 Billion Went Down The Drain In 2018

ad frauds india 2018
The number of digital ad frauds in India is rising at an alarming pace.With time the amount of money being spent on advertising is growing, as so are the attempts to misrepresent advertisers through ad fraud. Reports have shown that as much as $6 billion is stolen from advertisers every year through ad frauds, and India is no exception...

eBay To Bounce Back: Rejuvenate,Reform and Spell Resilience

ebay sold Flipkart stake
The internet giant eBay Inc. has played a vital role in the growth of the global ecommerce market. For over two decades, as a true marketplace, eBay has been connecting buyers and sellers directly. However, with the strengthening presence of Amazon, Alibaba and many other homegrown players in developing markets like India, eBay is finding tough to stay...

Flipkart In Dire Straits With Increased Expenses, and Losses Surging Five-Fold!

In what would be the most self-evident scoop on the plate, Singapore-based Flipkart Group has seen a surge in its total revenue, which, fortunately, has increased at a dramatic pace! The revenue of Flipkart Group during FY'18 ending March 2018, increased over 50%, to Rs 30,164 crore. But does that mean Flipkart is all up for a windfall and is...

New E-Commerce Policy Draft: No Relief For Flipkart And Amazon India

India ecommerce market
India has outlined a new draft policy to govern its rapidly increasing ecommerce market. And, no one more than Amazon India and Flipkart would be disappointed with it.The new policy outlined Saturday aims at providing greater protection and support to homegrown etailing firms, perhaps taking a cue from China where Alibaba, Baidu and Tencent have gone on to become global...

India Ecommerce Market: $200 Billion By 2027, Slower Growth Than Expected Earlier

India ecommerce market
The India ecommerce market growth is estimated to miss the market expectations as e-commerce juggernauts which was earlier going full throttle seems to have slowed down ever since the new FDI rules kicked in on Feb1, 2019.Morgan Stanley, the US-based banking and financial services expert, has revised its estimates for the Indian e-commerce sector, citing a number of reasons for doing...

The Curious Case Of Amazon: $800 Bn Valuation, $11.2 Bn Profit And Whopping $0 Tax

Amazon profit and tax 2018
Amazon.com, Inc. (NASDAQ:AMZN) is currently valued at $800 billion - the third most valued tech firm, trailing behind only Microsoft and Apple - the two tech behemoths.Jeff Bezos, CEO and Founder - Amazon.com, toppled Bill Gates, Founder of Microsoft, to become the richest person alive on this planet last year.To top it all, in fiscal 2018, the company reported...

Walmart May Exit Flipkart Amid New FDI Rules: Morgan Stanley

The new Foreign Direct Investment (FDI) rules which kicked in on February 1, 2019, have come as a huge jolt for the ambitious US-based retailer Walmart.The behemoth had decided to join the huge Indian e-commerce feast barely a year ago by paying an astoundingly huge $16 billion to acquire a 77% stake in the Indian retail juggernaut Flipkart. Walmart May...

Amazon, Flipkart Sales Down By A Third, Lost $50 Bln In Three Days

The new FDI policy which kicked in on Feb 01, 2019 has applied brakes on the Indian e-commerce juggernaut spearheaded by Amazon and Flipkart.Since the new FDI rules came into place three days ago, sales at Amazon and Flipkart have already dipped by nearly 30%. Together, the two have reportedly lost more than $50 billion in market cap. While...

eBay All Set for an Indian Relaunch As New FDI Rules Kick in Today

eBay could be the game changer in India eCommerce market amid the new FDI rules.As the new rules for Foreign Direct Investment (FDI) came into effect from today, the e-commerce scenario in the country is poised for a major change. The giants in this arena, Amazon and the now Walmart backed Flipkart, who had hitherto been riding high on their...

Rifing Rumours About Paytm Mall Shutting Down Make Vijay Shekhar Sharma Speak Up

paytm mall shutting down
Paytm founder Vijay Shekhar Sharma recently laid to rest all rumours about his company’s ‘plans’ to shut down its B2C marketplace business, Paytm Mall, in view of mounting losses and falling market share, owing to stiff competition from market giants Amazon and Flipkart. In fact, the Noida based firm is also hoping to generate approximately 15% of Paytm Mall’s business...

Revised Foreign Investment Policies May Hit The India E-tail Like Tons Of Bricks! [REPORT]

With India e-tail market bowled over with new foreign investment policies, brick and mortar retailers can be high on the hog! Apparently, CRISIL noted that with revised restrictions over equity ownerships in sellers, the supply chain needs to be altered in case of e-retailers. On a completely dramatic turn of events, this change in the e-retailing supply chain can...

Flipkart’s Overall Loss Up By 70% In FY18 Amid To Ongoing Spending War

Flipkart revenue loss
Flipkart India, the wholesale entity of the country’s largest online retailer is being given a raw deal! With a loss that accounts to a staggering nine-fold, the retailing giant owned by US-based Walmart Inc., had a tough financial year.According to regulatory filings of the two main entities that control the India business i.e., Flipkart India and Flipkart Internet, the...

Flipkart Big Billion Days Sale: Huge Discounts On Smartphones, Upto 62%

flipkart big billion days sale discount on smartphones
Yes, it is that time of the year again. Flipkart's 4-day festival, the Big Billion Days sale, is finally back again. Although competition for Flipkart has definitely increased in the e-commerce category in the recent years, the Big Billion days are treated with the same fanfare that they were on their first instance of occurring. And one of the major...

Amazon Great Indian Festival Offers: Free Screen Replacement For Smartphones And Much More

Amazon Great Indian Festival Offers
Amazon's Great Indian Festival is around the corner, and the company is leaving no stone unturned to make it more adorable. The company has announced a fleet of offers to woo online shoppers during the Great Indian Festival. Besides discount offers on smartphones, the best one if the free screen replacement for smartphones online shoppers would buy from Amazon India...

Flipkart Employees To Become Millionaires As Walmart To Buy ESOPs

Walmart buying Flipkart ESOPs
Flipkart employees are expected to strike gold through the deal of acquisition of the e-commerce giant by Walmart. Flipkart has recently allowed its employees - if they want - to sell their stocks to its parent company. The employee stock options present at their disposal had their valuation increased as a result of the deal. The increase in valuation...

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YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

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